Picton Mahoney Asset Management Acquires 200,209 Shares of Devon Energy Corporation $DVN

Picton Mahoney Asset Management boosted its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 263.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 276,273 shares of the energy company’s stock after acquiring an additional 200,209 shares during the period. Picton Mahoney Asset Management’s holdings in Devon Energy were worth $9,687,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Woodline Partners LP grew its stake in shares of Devon Energy by 98.8% during the first quarter. Woodline Partners LP now owns 115,780 shares of the energy company’s stock worth $4,330,000 after purchasing an additional 57,555 shares during the period. Sivia Capital Partners LLC bought a new position in Devon Energy during the second quarter worth about $403,000. Hantz Financial Services Inc. grew its position in shares of Devon Energy by 1,169.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,727 shares of the energy company’s stock worth $55,000 after buying an additional 1,591 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Devon Energy by 63.3% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,411 shares of the energy company’s stock valued at $45,000 after acquiring an additional 547 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. increased its stake in shares of Devon Energy by 44.3% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 44,722 shares of the energy company’s stock valued at $1,423,000 after acquiring an additional 13,726 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Key Headlines Impacting Devon Energy

Here are the key news stories impacting Devon Energy this week:

• Positive Sentiment: BMO Capital Markets raised its price target to $55 and maintained an “Outperform” rating, implying roughly 25% upside from the recent price. That call can attract momentum buying and provides a counterweight to recent downgrades. MarketScreener
• Positive Sentiment: Mizuho reaffirmed an Outperform rating and a $51 price target after Devon’s Q4 results (revenue beat at ~$4.12B, EPS roughly in line). That reinforces a view that Devon can deliver near-term operating resilience even as some models get trimmed. Mizuho Reaffirms Outperform
• Positive Sentiment: Heightened Middle East tensions and headlines suggesting strikes involving Iran have prompted analysts and outlets to expect oil-price spikes—an external catalyst that would likely boost cash flow and margins for large U.S. producers like Devon. This macro/geopolitical risk is a potential upside trigger for the stock. Oil price article
• Negative Sentiment: Zacks Research issued a sweeping set of earnings cuts across 2026–2028 (multiple quarterly and full‑year downgrades) and carries a “Strong Sell” rating. Notable revisions include FY2026 EPS trimmed to ~$2.86 (from ~$3.68 prior) and FY2027 to ~$3.30 (from ~$4.45), plus sharp cuts to several quarterly estimates (many quarters cut by large percentages). Those revisions increase near‑term downside risk as models are repriced and investor sentiment weakens. See the Devon profile for the Zacks coverage reference. Devon profile

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DVN shares. The Goldman Sachs Group lifted their price objective on shares of Devon Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Capital One Financial reduced their price target on shares of Devon Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Benchmark reissued a “buy” rating on shares of Devon Energy in a report on Friday, January 16th. Sanford C. Bernstein dropped their price objective on Devon Energy from $48.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, Zacks Research lowered Devon Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Twenty-three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Devon Energy has a consensus rating of “Moderate Buy” and an average target price of $47.65.

Devon Energy Trading Down 1.1%

Shares of NYSE:DVN opened at $43.51 on Thursday. The firm has a market cap of $26.98 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 4.38 and a beta of 0.56. Devon Energy Corporation has a 12 month low of $25.89 and a 12 month high of $46.15. The company’s fifty day simple moving average is $40.10 and its 200 day simple moving average is $36.72. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.48.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, February 17th. The energy company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The company’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. As a group, research analysts forecast that Devon Energy Corporation will post 4.85 EPS for the current fiscal year.

Devon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 13th. Devon Energy’s dividend payout ratio (DPR) is currently 23.02%.

Devon Energy Company Profile

Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.

Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow.